Loan to value is the percentage of borrowing you take out against your home. For example, if you have a £90,000 mortgage on a £100,000 house, the loan to value would be 90%.

You’re a better risk prospect and tend to get better deals when this is low – lower than 90% is good. I am still sore that the Abbey National charged me £1500 to insure them against me defaulting on my first mortgage at an 80% LTV. Bet they’d still have chased me for the default, eh?